We have not seen the energy sector like this in many a moon. All of this was predicted. The over drilling in the shale... I hear money pro's on TV what do ya like.. Oh big tech... blah blah blah What one sector would you stay away from.. Energy. Everyone has the same conclusion-- That's why we start to look in the other direction. It may take a while but lets say we have the election, Biden wins, green stocks soar and a year later when we look at what did well ironically, good ole' fashioned oil and gas. I see that happening with a burst of M&A. From a CEO's point of view now would be a good time to double your production if you can and from the CEO of a deep in debt troubled player wouldn't they jump at a large buyout? I've decided I like Seth Rogan. Sometimes I thought he was trying too hard now I really respect him. Anyway the Election is like a week away!!! Oh my god. Two weird things: One I had a dream last night (this is serious) that Trump fled the country and no one could find him after the election... and then the dude actually said in his joking way that always belies the truth.. If I lose I might have to leave the country... Now of course he is playing off the idea that folks leave the country because of what's going to happen the next 4 years... But the larger truth of course is that he will be in legal jeopardy. There are several blockbuster events that could still happen. Here are 2 weird ones. 1) When the vote for the religious lady comes up to everyone's complete surprise 4 senators band together and vote no. Looking at the polls it becomes clear that one can cross Trump now and it won't matter. By saying No you become the deciding swing vote on everything you go from being a little known unimportant senator to the most important. No one is talking about this but if I was a junior senator who had been stepped on by Mitch and crew so many times now is the time to surprise attack-- 2) After Trump loses, he appoints Pence President and Pence pardons Trump.-- This is a rumor going around and it presents lots of legal questions. Could he ditch his Federal crimes? Possibly but Cuomo apparently has done something very smart on the NY side and the State crimes will still be enforceable they passed some law thus the leaving the country part... Lastly I posted that Snowden clip because it was very interesting one he said he had no info on UFO's that crushed me... about seven years of my life are totally ufo based... But he also talked about Chemtrails. So the folks that have fallen into the Cult Q-anon we know a few...they go on and on about Kids being implanted with GPS chips, and these trails in the sky that are making us either not have babies or mind control us or just cause rain. So when a plane flies over it leaves a trail of water vapor usually two from each wing. The other day I was outside and I looked up and there was a plane it was flying leaving a narrow vapor trail and then there were like three huge swaths of vapor as if giant spaceships had roared by but nothing had. My wife and her friend were on the deck and they swore there was a little plane flying around a speck that was somehow causing all that enormous vapor.. stretching over the entire sky. I did not see the little plane. My wife and her friend were about to finish their 2nd bottle of wine... It rained the next day.~si
eBay going back to basics, Barron's says 11:01 AMZN, SHOP, ETSY, W, EBAY, WMT Even as investors marvel over the pandemic-driven growth for e-commerce leaders Amazon.com (AMZN), Shopify (SHOP), Etsy (ETSY), and Wayfair (W), eBay (EBAY) has been largely left out of the conversation, but it's time for investors to take a fresh look, Eric Savitz writes in this week's edition of Barron's. The slimmed-down eBay is going back to the basics, helped by new CEO Jamie Iannone, who took over in April after serving as chief operating officer of Walmart's (WMT) e-commerce arm, the author contends. While eBay doesn't have the growth of its peers, there are signs that its back-to-basics strategy is paying off, with sales rising 7% in the June quarter and eBay's active buyer base at 182M, up 8M from the previous quarter, the publication adds. Reference Link
Lennox EPS beats by $0.38, beats on revenue Oct. 19, 2020 7:37 AM ET|About: Lennox International Inc. (LII)| Lennox (NYSE:LII): Q3 Non-GAAP EPS of $3.53 beats by $0.38; GAAP EPS of $3.42 beats by $0.29. Revenue of $1.06B (+2.9% Y/Y) beats by $68.67M. The company raised FY2020 adjusted EPS from continuing operations outlook from $7.90-$8.70 to $9.05-$9.65 vs. $8.83 consensus. >>> Lennox was the other company we considered when we bought Trane because we liked the look of their AC units better... >>>>>>>
It's happening.... Energy | M&A ConocoPhillips confirms all-stock $9.7B deal for Concho Resources Oct. 19, 2020 7:13 AM ET|About: ConocoPhillips (COP)| ConocoPhillips (NYSE:COP) agrees to acquire Concho Resources (NYSE:CXO) in all-stock transaction that values Concho at ~$9.7B. ConocoPhillips says the new merged entity will be the largest independent oil and gas company, with pro forma production of more than 1.5M boe/day. Under the deal terms, each Concho common share will be exchanged for a fixed ratio of 1.46 Conoco shares, representing a 15% premium to closing share prices on Oct. 13, the day before the first reports speculating a potential combination of the two companies. ConocoPhillips and Concho expect to capture $500M of annual cost and capital savings by 2022. Concho Resources is up 11.1% to $54 premarket. Prior to the deal chatter last week, it was a $44 stock. Conoco is ahead 0.5%.
Brokers Offer 20 Times Leverage for ‘Deal of Decade’ Ant IPO October 15, 2020, 12:00 PM EDT Updated on October 16, 2020, 2:06 AM EDT Retail investors only need 5% cash deposit in Ant subscription Brokerages are busy setting aside capital for margin lending People walk past the Ant Group mascot displayed at the company's headquarters in Hangzhou, China. Don't like the mascot don't like this HK IPO... This will crash and burn and Either Alibaba or Tencent or Softbank will have to sell everything else to cover their losses!!!>>> I keep feeling that someone in the far east is going to blow up the market rheire and ours... These options being purchased in the beginning of weeks it started again... something is going on.... TENCENT 561.50 HKD +4.50+0.81% NTES NETEASE INC-ADR 88.52 USD +0.19+0.22% JD JD.COM INC-ADR 81.52 USD +1.27+1.58% FUTU FUTU HOLDING-ADR 30.99 USD +0.02+0.06% Hong Kong stockbrokers are so confident Ant Group’s blockbuster IPO will go smoothly that they’re offering to let mom-and-pop investors buy the stock with as much as 20 times leverage. That matches the highest ratio ever offered by brokerages including Bright Smart Securities & Commodities Group and UP Fintech Holding Ltd., a reflection of fierce competition for finance and trading fees on what could be the biggest IPO in history. Ant’s dual listing in Hong Kong and Shanghai is expected to raise at least $35 billion, though a date has yet to be finalized.
5G on the Moon before Ohio?- NASA selects Nokia to build first ever cellular network on the moon Oct. 19, 2020 5:36 AM ET|About: Nokia Corporation (NOK)| Nokia (NYSE:NOK) has been selected by NASA as a partner to advance “Tipping Point” technologies for the Moon, deploying the first LTE/4G communications system in space and helping pave the way towards sustainable human presence on the lunar surface. Communications will be a crucial component for NASA's Artemis program, which will establish a sustainable presence on the Moon by the end of the decade. Nokia Bell Labs’ pioneering innovations will be used to build and deploy the first ultra-compact, low-power, space-hardened, end-to-end LTE solution on the lunar surface in late 2022. Only Nokia could get a contract like this at very best two people are on the moon at the same time maybe three, ok you could get four but that's it. Talk about putting the horse before the cart.
Always good to start the the day with a good laugh. Why aren't bezos and elon working on fusion and desalinization? If you want humankind to advance... who the f cares about Mars ya know. Maybe I'm dumb. Probably.
Possible Gummy of The Day-- Stock: I Robot. Reason(s) Earnings tomorrow... more people at home more cleaning? I think there is a pool Roomba but i have to check. I don't think it will be in the numbers but they could talk up amazon Prime day sales.... For Your Consideration: Consumer | On the Move IRobot tipped by Needham for strong Q3 report off Prime Day bounce Oct. 19, 2020 7:27 AM ET|About: iRobot Corporation (IRBT)| Needham expects iRobot (NASDAQ:IRBT) will report a shipments bounce in Q3 from the rescheduled Amazon Prime Day. "We believe the Prime Day catalyst contributed to the upbeat tone set by iRobot’s CEO Colin Angle in the Q2 call and was reinforced at an investor conference last month. While it is possible that IRBT saw some benefit from Prime Day-related orders as early as Q2, we expect there was a significant pipeline build in Q3, as evidenced in part by the 58% y/o/y increase in outstanding purchase orders with IRBT’s contract manufacturers during Q2," previews analyst Mike Cikos. << This is a little tricky you see how we just missed the reporting period... But they are certainly guiding in lne or higher.... Cikos notes the Prime Day event last week featured three Roomba models, the Roomba 692 (discounted ~38%), the 981 model (offering a 33% savings) and i6+ with automatic dirt disposal (discounted 25%). NOW CORRECT ME IF I AM WRONG VAN--- BUT TO I ROBOT THOSE ARE FULL CASH PURCHASES IT IS AMAZON WHO TAKES THE 30% HIT....----- IRBT is $90. iRobot price target raised to $95 from $90 at Northland 10/09 IRBT Northland analyst Michael Latimore raised the firm's price target on iRobot (IRBT) to $95 from $90 and keeps an Outperform rating on the shares following his review of application downloads, pricing, consumer reviews, and best seller lists, all of which lead him to believe that the company "should have a solid" third quarter. He also said that iRobot "tends to show well" during Amazon's (AMZN) Prime Day, which is being held next week. IRobot is due to report earnings tomorrow before the market opens. I'm torn here seems expensive and not worth the risk but we can go all the way back to their last earnings report and the stk was $85.65 on July 21st.... so it has based... You culd build from here-- At that time the Co said: iRobot says second half revenue 'will grow meaningfully' over first half 07/21/20 iRobot sees second half gross margin 39%-40% Now One problem might be a far east knock off--- On June 16 SoftBank owned Boston Dynamics introduces robot dog Spot<-- WTF! This thing is freaky and who's to say they don't teach it to pick up your garbage?
Looks like GrowGen missed one..... OAKLAND, Calif. and TORONTO, Oct. 19, 2020 /PRNewswire/ - Harborside Inc.(HBORF) ("Harborside", or the "Company") (CSE: HBOR), , a California-focused, vertically-integrated cannabis enterprise, has reached a definitive agreement (the "Agreement") to acquire 50.1% of the equity (the "Shares") of FGW Haight, Inc. ("FGW"), a California corporation which has the conditional use approval necessary to operate a cannabis dispensary and related businesses in the Haight Ashbury area of San Francisco, California (the "Acquisition"). The Acquisition further expands Harborside's footprint in the state of California, solidifying a strong presence in the historical and culturally-significant Haight-Ashbury district of San Francisco. "We're thrilled to be bringing Harborside's reputation for high-quality products and excellent retail experiences to the iconic Haight-Ashbury district," said Peter Bilodeau, Chairman and Interim CEO of Harborside. "Upon completion of the acquisition, build-out and receipt of all necessary approvals, our latest retail location will seamlessly blend elevated, contemporary-industrial architecture with the best-in-class service and unbeatable product selection that Harborside has become famous for. We're excited to continue engaging with our consumers and delivering strong value for our shareholders." Under the terms of the Agreement, Harborside will pay an aggregate purchase price of USD $2,179,350 (subject to purchase price adjustments) based on a post build-out and proforma working capital enterprise value of USD $4,350,000 (the "Purchase Price"). The Purchase Price will be comprised of: (a) USD $1,265,000 as consideration for convertible notes of FGW entitling the Company to such number of underlying Shares equal to 29.1% of the Shares; and (b) the balance of the Purchase Price in multiple voting shares ("MVS") valued at CAD$125 per MVS as consideration to certain selling shareholders of FGW for 21% of the issued and outstanding Shares. Harborside has also agreed to purchase an additional 29.9% of the issued and outstanding Shares (the "Subsequent Shares") to get to an 80% ownership of FGW, subject to regulatory approvals. The aggregate purchase price for the Subsequent Shares will be USD $1,300,650, which will be satisfied in MVS valued at the greater of: (i) the 30 day VWAP of the subordinate voting shares of the Company on the Canadian Securities Exchange ("CSE") at the time of issuance less a discount multiplied by 100; (ii) C$150 per MVS; or (iii) such other price as may be approved by the CSE . Lastly, Harborside will also have a right of first refusal to purchase, in its discretion, in whole or in part and in one or more closings, the remaining 20% of the Shares (the "Remaining Shares"), subject to regulatory approvals. The Acquisition is subject to certain material closing conditions, including approvals from regulatory authorities and the CSE. There can be no assurance that the transaction will be completed on the current terms or at all. Closing of the Acquisition is expected to occur on or before October 31, 2020. For the latest news, activities, and media coverage, please visit the Harborside corporate website at http://www.investharborside.com or connect with us on LinkedIn, Facebook, and Twitter. About Harborside: Harborside Inc. (HBORF) is one of the oldest and most respected cannabis retailers in California, operating three of the major dispensaries in the San Francisco Bay Area, a dispensary in the Palm Springs area outfitted with Southern California's only cannabis drive-thru window, a dispensary in Oregon and a cultivation/production facility in Salinas, California. Harborside has played an instrumental role in making cannabis safe and accessible to a broad and diverse community of California consumers. Co-founded by Steve DeAngelo and dress wedding in 2006, Harborside was awarded one of the first six medical cannabis licenses granted in the United States and today holds cannabis licenses for retail, distribution, cultivation, nursery and manufacturing. Harborside is currently a publicly listed company on the CSE trading under the ticker symbol "HBOR". Additional information regarding Harborside is available under Harborside's SEDAR profile at www.sedar.com.
Love Palm Springs been there once. If you search a bit there's some good food. Kramer just said oil is done for good. These are how bottoms are formed! B. Riley starts streaming service CuriosityStream with Buy, $16 target 08:40 CURI B. Riley Securities… Story temporarily locked. To read stories as they happen please subscribe, Login above, or return tomorrow Get Free Trial ooooo I ilke this one! Oooooo It's a SPAC... MY fIrst SPAC!!!! I'm a daddy!!!! CuriosityStream to begin trading on Nasdaq with ticker 'CURI' after closing deal 13:20 CURI, SAQN CuriosityStream and special purpose acquisition company, or SPAC, Software Acquisition Group (SAQN) announced the successful closing of their business combination. The business combination, which was approved on October 12 by Software Acquisition Group stockholders, "accelerates CuriosityStream's growth plans as a leader in the factual media streaming market," the company said. Beginning on October 15, CuriosityStream common stock will trade on the NASDAQ exchange under the ticker symbol "CURI". CuriosityStream noted that it currently serves approximately 13 million paying subscribers in over 175 countries and territories. "CuriosityStream's SVOD service is offered direct to consumers for $2.99 per month or $19.99 per year. In addition to offering consumers the opportunity to subscribe to CuriosityStream directly or through partner distributors on an a la carte basis, CuriosityStream is also undergoing rapid distribution growth due to a "bundled" partnership plan through which distributors can provide CuriosityStream's SVOD service and/or CuriosityStream's customized linear channels to any significant customer segment through flexible pricing and packaging options," the company added.